[//]:content-type-MARKDOWN-DONOT-DELETE Due to a hack resulting in IP3 token (IP3) theft, the project team initiated a migration for $IP3. Correspondingly, Gate.io has successfully executed the token swap. Users can now view the details in Account Statement.  **According to the project team, the swap ratio and details are as follows:** 1) Users holding $IP3 before August 8, 2023, 21:52:04 (UTC) have received the new $IP3 tokens at a 1:1 ratio. 2) Users depositing into Gate.io after August 8, 2023, 21:52:04 (UTC) and not associated with the hacker’s wallet have received the new $IP3 tokens at a 1:1 ratio. For those associated with the hacker’s wallet, compensation has been made based on the purchase price multiplied by the quantity in USDC. 3) Those purchasing $IP3 after August 8, 2023, 21:52:04 (UTC) and continuously holding have been compensated in USDC based on the purchase price multiplied by the quantity. Furthermore, after re-evaluating the project, Gate.io concluded it is not eligible for further trading on our platform. Consequently, Gate.io has delisted the $IP3 trading markets, but will continue to provide withdrawal services for users for 1 month. **Details:** 1) Gate.io has disabled the deposit and trading services for the new $IP3 token. 2) For holders of the new $IP3 token who do not wish to participate in our buyback, we strongly encourage you to withdraw your $IP3 holdings as soon as possible to avoid any potential losses . 3) Users who still hold $IP3 on Gate.io after December 28, 2023 can submit a form to participate in our buyback. Gate.io will repurchase $IP3 at a price of 0.07964 USDT. The maximum amount a single user can apply for is 100 USDT. Users are requested to fill out the following form and submit your applications between December 27, 2023,16:00 P.M. UTC and January 3, 2024, 16:00 P.M. UTC. Link to the form: https://www.gate.io/questionnaire/3944 Withdraw IP3：https://www.gate.io/myaccount/withdraw/IP3  Project Team’s Announcement: https://medium.com/cripco/final-announcement-regardi Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") Client now>>> Follow us on [Gate.io X (Twitter)](https://twitter.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>> Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>> Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>> We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>> [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users Get 40% commission from [referrals](https://www.gate.io/referral "referrals") Gate.io Team December 15, 2023